GS sold mortgage backed securities to their customers while they were shorting these very same secuities. GS will do anything to make money, including stock manipulation. Wouldn't surprise me to discover GS puts a sell rating on Linn while they buy with both hands.
Problem is LNCO owns 40% of Linn shares and CEO votes LNCO shares. Ellis isn't going anywhere, which is too bad.
What smells bad is the fact that every time oil rallies, articles come out of the woodwork about the oil glut and demand destruction and price collapse, etc. Some of the articles are dated 3-6 months ago but get re-released to the media. Something tells me that there are certain investors (Goldman Sachs) that have heavy bets on oil going lower and they will do anything to make their bets payoff. Remember, Goldman was the investment house that sold mortgage backed securities to their customers while shorting these very same securities. There are no controls on what happens on Wall Street, its the wild west.
I hesitated to post because someone always jumps in with off the wall comments about how the sky is falling. This is a normal oil industry cycle and it will run its course.
Its a 3 year cycle and we're only 8 months in. Oil prices are at or near the bottom but significant price appreciation won't happen until 2016. The last time oil markets went through this was 2006 - 2008 and we're only in the "end of 2006" part of the cycle.
Conservative agenda's are no bargain either. Its usually an entitled group of people seeking to get some form of Gov't "bailout", "tax credit",or "contract" to enrich themselves. They hire the best PR people to make it sound like its in everyone's best interest. And then we fight wars; "war on poverty", "war on drugs", "war on terrorism", etc. And every one of these wars is enriching some group of conservative entitled people. The rich will give entitlements to the poor only sufficient to keep them from overthrowing the rich. That's the history of civilization since the days of Rome and the "mob".
That's why you have to be careful what you believe. This article just states the facts and projects out the effects of different price points for oil and Nat Gas and how Linn would look with these different price points.
China's market ran up 150% in the last year because there were no controls on leveraged buying in Chinese markets. When China imposed controls on leverage, the markets in :China rolled over and began collapsing which accelerated due to margin calls. Its what's known as a "bubble". I'm sure you can figure out a way to blame that on Obama.
Are you related to Norrishappy ?